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    510 Avenue G Shallowater, TX 79363

    For Sale
    $195,000

    MULTI_FAMILY - Other - Shallowater, TX

    Property size:
    2,052 SF
    Lot size:
    0.16 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 10 at 3:06 am

    Property Features for 510 Avenue G

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1
    Bedrooms
    6
    Bathrooms
    3
    APN
    R68545
    Parking features
    On Street
    Appliances
    Electric Oven, Electric Range
    Size
    2,052 SF
    Lot size
    0.16 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Vinyl
    Building materials
    Asbestos, Masonite, Wood Siding
    Roof type
    Composition, Metal
    Architectural style
    Other

    Keller Williams Realty (806) 771-7710 [email protected]

    Listing agent Wendy Jones (806) 928-9463 License #0545978

    Listing date Dec 2, 2025

    MLS# 202563405 Listing URL

    Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shallowater Triplex Investment Opportunity

    This property presents a rare investment opportunity in the Shallowater area. The property is a triplex with rents exceeding $2100 per month. Each unit features two bedrooms and one bath. The units have low maintenance solid surface flooring consisting of original hardwood, vinyl and tile throughout. Each unit has central HVAC and laundry hookups. One building is equipped with a durable metal roof, while the other has a composition roof. The property is situated on a lot of 0.16 acres and the building size is 2052 square feet. With very limited rental units available in Shallowater, properties like this are always in high demand.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shallowater
    County
    Lubbock
    State
    Texas
    Longitude
    -101.997965
    Latitude
    33.687369

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    • $485,000
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    FAQs

    What type of property is this?
    Triplex - Triplex in high demand Shallowater area with solid rental history.
    Where is this triplex located?
    The property is located at 510 Avenue G Shallowater, TX.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - High rental income: Rents exceeding $2100 per month.; - Investment opportunity: $65,000 per unit in the Shallowater area.; - Each unit has 2 bedrooms and 1 bath.
    (806) 928-9463
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    510 Avenue G Shallowater, TX 79363
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